Tuesday, February 19, 2008

Microsoft Corp. (MSFT) is not privately haggling with Yahoo Inc. (YHOO) over the software maker's rejected $31-per-share buyout offer for the slumping Internet pioneer, Bill Gates said in an interview.

"We sent them a letter and said we think that's a fair offer. There's nothing that's gone on other than us stating that we think it's a fair offer," the Microsoft chairman said Monday. "They should take a hard look at it."